Crop Enterprise Analysis, 1999
North Dakota Farm Business Management Education Program
State Report
(Farms sorted by Return to Overhead)
OATS ON OWNED LAND
Average Of Average Of Average Of
All Farms Low 20% High 20%
Number of fields 39 8 7
Number of farms 37 7 7
Acres 50.77 37.30 37.64
Yield per acre (bushel) 43.02 23.27 74.67
Operators share of yield % 100.00 100.00 100.00
Value per bushel 1.07 1.03 1.05
Total product return per acre 45.84 23.93 78.75
Miscellaneous income per acre 2.22 3.24 5.18
Gross return per acre 48.06 27.17 83.93
Direct expenses per acre
Seed 3.53 4.05 4.45
Fertilizer 6.89 10.66 4.92
Crop chemicals 1.21 1.23 0.77
Crop insurance 1.62 1.40 0.07
Fuel & oil 6.30 6.03 7.39
Repairs 10.58 9.75 9.77
Custom hire 1.28 2.79 0.00
Hired labor 0.18 0.00 0.00
Operating interest 2.25 2.47 2.41
Miscellaneous 0.07 0.00 0.23
Total direct expenses per acre 33.90 38.37 30.02
Return over direct expenses per acre 14.16 -11.20 53.91
Overhead expenses per acre
Hired labor 2.76 4.21 3.37
Machinery & bldg leases 0.20 0.08 0.59
RE & pers. property taxes 3.38 4.17 2.80
Farm insurance 1.58 1.07 1.66
Utilities 1.42 0.93 2.18
Dues & professional fees 0.38 0.56 0.28
Interest 11.48 13.20 11.93
Mach & bldg depreciation 6.29 5.06 11.72
Miscellaneous 1.80 1.67 2.84
Total overhead expenses per acre 29.28 30.94 37.37
Total listed expenses per acre 63.18 69.31 67.39
Net return per acre -15.12 -42.14 16.54
Total direct expense per bushel 0.79 1.65 0.40
Total listed expense per bushel 1.47 2.98 0.90
Net return per bushel -0.35 -1.81 0.22
Breakeven yield per acre 57.21 64.24 58.99
Crop Enterprise Analysis, 1999
North Dakota Farm Business Management Education Program
State Report
(Farms sorted by Return to Overhead)
OATS ON CASH RENTED LAND
Average Of Average Of Average Of
All Farms Low 20% High 20%
Number of fields 46 10 10
Number of farms 38 8 8
Acres 51.49 46.73 66.03
Yield per acre (bushel) 51.90 24.67 77.78
Operators share of yield % 100.00 100.00 100.00
Value per bushel 1.11 1.10 1.17
Other product return per acre 0.48 0.00 1.72
Total product return per acre 58.34 27.15 92.76
Miscellaneous income per acre 6.02 9.91 5.59
Gross return per acre 64.36 37.06 98.34
Direct expenses per acre
Seed 4.37 7.12 4.78
Fertilizer 8.87 10.92 9.58
Crop chemicals 2.06 2.51 3.10
Crop insurance 1.72 4.45 0.86
Fuel & oil 5.81 6.81 5.20
Repairs 9.92 12.92 7.05
Custom hire 3.62 7.77 4.03
Land rent 21.67 25.03 21.89
Operating interest 2.66 2.52 3.05
Miscellaneous 0.47 1.24 0.71
Total direct expenses per acre 61.16 81.30 60.25
Return over direct expenses per acre 3.19 -44.24 38.09
Overhead expenses per acre
Hired labor 1.66 3.93 0.81
Machinery & bldg leases 1.18 0.63 3.56
Farm insurance 1.14 1.45 1.05
Utilities 0.90 1.59 0.60
Dues & professional fees 0.34 0.19 0.24
Interest 3.36 3.30 3.46
Mach & bldg depreciation 5.95 6.89 5.73
Miscellaneous 1.82 1.87 1.86
Total overhead expenses per acre 16.35 19.84 17.30
Total listed expenses per acre 77.52 101.14 77.54
Net return per acre -13.16 -64.08 20.80
Total direct expense per bushel 1.18 3.30 0.77
Total listed expense per bushel 1.49 4.10 1.00
Net return per bushel -0.25 -2.60 0.27
Breakeven yield per acre 63.70 82.88 60.01